On the eve of the 64th anniversary of the founding of OPEC, the Secretary General of OPEC Haitham al-Ghais announced that the organization “has an instrumental role to play for decades to come on the path towards an inclusive energy transition for our global energy future.”
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The global price of crude oil today, September 3, 2024
Brent crude futures were down 17 cents, or 0.2%, to $77.35 a barrel by 0620 GMT. West Texas Intermediate crude futures, were up 50 cents, or 0.7%, at $74.05 a barrel.
French oil company TotalEnergies has approved a $444 million investment deal with Indian Adani Green Energy, advancing plans for a joint venture.
announced by Mohammad Rezvanifar, the head of the Islamic Republic of Iran Customs Administration, Iran has exported $19.5 billion of crude oil and fuel oil in the first five months of the current Iranian calendar year.
Iranian Minister of Petroleum Mohsen Paknejad has appointed Saeed Tavakoli as the new CEO of the National Iranian Gas Company (NIGC).
The world price of crude oil today, September 2, 1983
Brent crude futures were down 21 cents, or 0.3%, at $76.72 a barrel by 0815 GMT while U.S. West Texas Intermediate crude slipped 14 cents, or 0.2%, to $73.41.
Iraq plans to offer ten gas exploration blocks to US companies during a visit to the US, as part of its efforts to boost gas production.
On the 65th establishment day of Indian Oil Corporation Limited (IOCL), Union Minister of Petroleum and Natural Gas Hardeep Singh Puri lauded the company for its role in protecting Indian citizens from global fuel price hikes over the past three years.
Iran and Turkmenistan on Wednesday signed an important energy agreement under which the two neighbors will expand gas swap cooperation.
Iranian President Masoud Pezeshkian has said that the country’s energy imbalance should be solved otherwise 8 percent economic growth will be out of reach.
CEO of the National Iranian Oil Company (NIOC) Hamid Bord has appointed Houtan Salari as the acting manager of the NIOC’s international affairs department.
Iran has issued a final notice to Pakistan, stating it must move the Paris Arbitration Court in September 2024 against Pakistan for failing to construct the IP gas project.
China’s imports of Iranian oil have reached a record of 1.75m barrels per day (bpd) in August, oiprice.com reported, citing data from Kpler.
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei on Tuesday highlighted Iran’s gifts and capacities, citing the country’s natural, abundant, and valuable resources, its strategic geographic location at the crossroads of the world’s major trading routes, along with its extensive coastlines.
The global price of crude oil today, August 30, 2024
Brent crude futures were up 39 cents, or 0.5%, at $80.33 a barrel by 0630 GMT. U.S. West Texas Intermediate crude futures gained 30 cents, or 0.4%, to $76.21.
KABIL and Oil India Ltd. signed a Memorandum of Understanding at NALCO's Bhubaneswar headquarters, signed by KABIL CEO Sadashiv Samantaray and OIL ED Ranjan Goswami.
Pakistan is in a diplomatic engagement with Iran to avert a potential fine over the completion of the Pakistan-Iran gas pipeline, which has faced many years of delays.
Iran's new oil minister Mohsen Paknejad appointed Hamid Boord as CEO of the National Iranian Oil Company (NIOC), Iran's oil ministry news agency SHANA reported on Thursday.
The global price of crude oil today, August 29, 2024
Brent crude futures slipped 7 cents, or 0.09%, to $78.58 a barrel by 0812 GMT, while U.S. West Texas Intermediate crude futures edged 1 cent lower, or 0.01%, at $74.51.
The global liquefied natural gas market is predicted to experience a supply glut, increasing production by 41% over the next four years, benefiting India's LNG availability at reasonable prices.
